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Thermal Energy International ( (TSE:TMG) ) has issued an announcement.
Thermal Energy International has secured a $3.2 million turnkey heat recovery order from a leading multinational frozen food company, marking their second project with this client. This order highlights Thermal Energy’s growing influence in the food and beverage sector, which is committed to reducing carbon emissions. The project is expected to be completed within twelve months and reflects the company’s ability to provide high-impact sustainability solutions, potentially enhancing their market position and offering significant financial and environmental benefits to stakeholders.
The most recent analyst rating on (TSE:TMG) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Thermal Energy International stock, see the TSE:TMG Stock Forecast page.
Spark’s Take on TSE:TMG Stock
According to Spark, TipRanks’ AI Analyst, TSE:TMG is a Neutral.
Thermal Energy International’s overall stock score is primarily impacted by its financial performance and technical analysis. The company faces significant challenges in profitability and cash flow generation, which are reflected in its negative P/E ratio and bearish technical indicators. The lack of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TSE:TMG stock, click here.
More about Thermal Energy International
Thermal Energy International Inc. is a company that provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. They specialize in reducing fuel use and cutting carbon emissions through proprietary technologies that can recover up to 80% of energy lost in typical boiler plant and steam system operations. The company operates as a fully accredited professional engineering firm with offices in Canada, the USA, and the UK, and has sales offices across several countries.
Average Trading Volume: 104,089
Technical Sentiment Signal: Sell
Current Market Cap: C$20.57M
Find detailed analytics on TMG stock on TipRanks’ Stock Analysis page.